Techno-byte Ltd sells computers. At the beginning of May 2022 the business had an overdraft of R70 000 and the bank had asked that it be settled by the end of October 2022. As a result, the directors decided to review their plans for the next 6 months and the following is the cash budget that was subsequently drawn up for the 6 months ending 31 October 2022. Techno-byte Ltd Cash Budget for the 6 months ended 31 October 2022 Cash recept Case Cash payment Cashchandise Admin Loannasta Seling Shop May Jul Aug Sep Oct R300 000 RDOOROORDOO R000 454 630 480 276 23216 154 630 462 276 210 404 521 500 125 264 240 20 586 254 180 150 30 70 86 80 10 10 10 10 19 10 4E 5 38 25 12 4 30 3 (141 52 20 (241 (701201 BE BB 1121 201 1610 tant Opening cash bane Cena Additional information - The business maintains a minimum monthly inventory level of R80 000 of merchandise. - The gross profit margin is 40%. 2.1 You are required to provide a detail report based on the cash budget provided by Techno-byte on (25 marks) what problems are likely to be faced by Techno-byte Ltd during the 6-month period from May to October 2022? Suggest ways in which the business may deal with these problems. Techno-byte Ltd Cash Budget for the 6 months ended 31 Octa Cash receipts Cash sales Cash payments Cash purchase of merchandise Administration expenses Loan repayments Selling expenses Shop refurbishment Tax payment Cash surplus (shortfall) Opening cash balance Closing cash balance May Jun Jul Aug Sep Oct R'000R000 R000R000 R'000 R'000 454 630 492 276 236 216 454 630 492 276 236 216 404 528 506 328 264 240 270 360 284 188 150 132 80 82 76 66 62 60 10 10 10 10 10 10 44 48 56 52 42 38 28 36 12 44 102 (14) (28) (24) 50 (70) (20) (52) 68 (20) 82 16 (12) (36) 82 68 16 (12)